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______ to tell us that the interest of the individual should be subordinate to that of the
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We cannot process your order_______we have received the deposit mentioned in our mutually
The Aerospace Bicycle That Fell to Earth
(1) A radical new bicycle had its first public showing at the National British Cycling Championships in Shrewsbury last weekend. Based on the gold medal-winning design from the Barcelona Olympics, it is the first commercial mountain bike made of a single piece of carbon fibre.
(2) Bicycles for amateurs have up to now been made of steel, aluminum or magnesium tubes welded together into the conventional "A-frame" shape. But last year, the British competitor Chris Boardman set world records while winning titles in the Olympic cycling pursuit events on a custom-built, carbon-fibre bicycle with lower weight and wind resistance than standard models. Because carbon fibre is both light and extremely strong, it does not need the A-frame. shape, saving further weight. Carbon fibre can also be moulded in a single piece, avoiding the weakness of welds.
(3) The new bike, which will cost between $ 2000 and $ 3000 when it reaches the shops next month, has the same advantages as the Olympic model. It weighs about 11 kilograms, a saving of 1.5 kilograms on metal frames. With no crossbar, it has a lower center of gravity, making it easier to use in race conditions. "When you're doing some aggressive riding, you throw the bike about form. side to side," explains Eddie Eccleston, director of' British Eagle, a British bicycle manufacturer based in Powys, Wales, which is marketing the bikes. "The low centre of gravity gives you better control."
(4) The frames are being made in the US for British Eagle by SP systems in Camarillo, California, which has clients in the aerospace industry, "This is aerospace technology brought into cycling by enthusiasts," says Eccleston. When professionals tested racing versions of the bike before the Tour de France, they were quicker than metal versions by up to 3 seconds per kilometer.
(5) The new design has no struts between the saddle and the back wheel; instead, the frame's flexibility can be "tuned" to individual tastes by changing the mixture of Kevlar fibre and carbon fibre in the back wheel strut, allowing up to 5 centimeters of movement.
(6) The carbon-fibre design has a lower centre of gravity and smoother back-wheel suspension than conventional bikes.
The new bicycle exhibited at the National British Cycling Championships was radical because ______.
The statesman was evidently ______ the journalist's questions and glared at him for a few
The company, a marginal manufacturer, sold its 30, 000 tonnes a year Kawasaki plant to Asahi Chemical, Japans largest polystyrene manufacturer with capacity of about 333, 000 tonnes a year, equivalent to about 25 percent of the market. The move was the latest in a series of alliances and mergers as the troubled industry restructures.
Mitsubishi Petrochemical, the country's biggest plastics group, reported a loss of 8,39bn (＄ 80m) compared with pre-tax profits last year of 8.25bn. The group made an operating loss of 13.8bn, the first since 1982. The poor result came despite cost-cutting measures, lower raw material prices, and 4bn worth of profits from equity sales.
Turnover fell 12.2 percent from 372bn to 326bn, as prices and volumes declined. Earnings per share, which reached 52. 5 in 1991, fell to a loss per share of 9.44. The group, which is scheduled to merge with Mitsubishi Kasei on October 1st, cut its dividend from 8 per share to 4.
Mitsubishi Kaseis pre-tax profits fell 76.8 percent from 9.3bn last year to 2.2bn. The group reported its first operating loss in 40 years at 467m, and only managed to post positive pre-tax results by selling 15.7bn worth of equities. Turnover fell 1.8 percent, the fourth yearly decline, to 696bn. The dividend was halved to 3 per share.
Mr. Morihisa Takano, managing director, said the newly merged group would generate pre-tax profits of 10bn on sales of 855 bn during the year to March 1995. He predicted petrochemicals prices would bottom out during the summer. No decision had been made about the dividend, but the new company could pass it during the current year. The pre-tax profits at Mitsui Petrochemical Industries, Japans biggest polyethylene maker, plunged 75 percent from 9bn to 2.26bn on sales down 9.3 percent at 272bn. The company blamed poor demand for the slump which offset the benefits of cost-cutting measures. The dividend is unchanged at 6 per share. The group forecast pre-tax profits for the current-year marginally up at 3bn on turnover of 276bn. Shin-Etsu, one of Japans biggest makers of polyvinyl chloride, reported profits down 26.1 percent from 17. 6bn to 13bn. Sales increased 0.2 percent from 275bn to 276bn. Net profits fell 26.6 percent to 7.08bn, or 421.85 per share. The group maintained the final dividend at 3.75, making the full-year pay out 7.5 per share. Shin-Etsu forecast pre-tax profits for the current year of 15.5bn on sales of 277bn.
The outlook for the petrochemicals industry remains blank. The imbalance between supply and demand for ethylene, the basic building block of petrochemicals, is about 2.8m tonnes of ethylene and is set to deteriorate further this year.
A massive 700,000-tonne-a-year ethylene complex owned by Maruzen, Mitsoi Petrochemical and Sumitomo Chemical comes on stream later this year and Mitsubishi Petrochemical is also commissioning a new 300, 000-torme-a-year plant this year.
？You will hear a report presented by a journalist from Tokyo.
？For each question 23--30, mark one letter (A, B or C) for the correct answer.
？You will hear the recording twice.
The crisis met by Japanese chemical groups is caused by, one of the reasons ______.
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